Centerline Holding Company Shareholders Approve Acquisition by Hunt
Press Release: Centerline Holding Company (CharterMac) – 57 minutes ago
New York, NY - June 12, 2013 - Centerline Holding Company (CLNH) ("Centerline" or the "Company") today announced that the shareholders of Centerline approved the acquisition of Centerline by Hunt Capital Partners, LLC, the affordable housing division and an affiliate of Hunt Companies, Inc. ("Hunt") pursuant to the previously announced merger agreement between the Company and an affiliate of Hunt.
Shareholders holding a majority of the Company`s outstanding common shares delivered written consents to approve and adopt by the merger agreement and the merger. With this action, the shareholder approval condition to the closing of the merger has been satisfied.
The closing of the merger remains subject to a number of other conditions, such as obtaining regulatory and licensor approvals and third-party consents, including from the Company`s various lenders, as well as other customary closing conditions. The merger is currently expected to close in the third quarter of 2013.
